Generally employees have no legal corporate governance obligations, although those in executive positions or who sit on board committees can play a role in maintaining corporate governance standards.
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What are company directors’ duties and responsibilities?
In general, directors’ duties are set out under the Corporations Act 2001, which governs the way in which companies are run. The board of directors are responsible for a company’s…read more
To what extent are directors liable where they are in breach of their duties?
The Corporations Act provides defences where directors may be in breach of duties, including when they have relied on third-party advice or where a director has made a ‘business judgement’…read more
What is the role of the Australian Institute of Company Directors?
The Australian Institute of Company Directors (AICD) is a not-for-profit membership organisation for directors. The AICD advocates policies on issues of interest to directors and represents members on these issues.read more